In response to the usual questions from a variety of people, friends and the media, earlier this year about a possible correction of the market it was almost always helpful to bear in mind that this year there are presidential elections in the USA, that is, it would be very difficult to see how likely the end of the Bull market that most investors anticipated. Of course, after a month, the North American indices questioned my forecast, with a drop in the order of 30% that effectively ended technically with the long series of hikes that lasted since 2009.
Photo by visuals.
But if I was quickly dismissed, almost as quickly my opinion was again a serious probability since although Wall Street is not at historic highs it is close, and that is more than enough for Trump to take advantage of the political fight that is predicted until November. This is clear if in the meantime pessimism, or rather reality, does not come to the fore again, which I foresee unlikely given that the liquidity of the politicized EDF is for now much stronger than any appeal to rationality and with summer at the door, time is running out in favour of the Bulls and even if there is a test to the lows of the year there is still room for a new recovery to the current levels until November.
